Is Lafayette-Louisville, CO a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Lafayette-Louisville has remained a Seller's Market.
Housing Prices in Lafayette-Louisville, CO
How much do homes in Lafayette-Louisville, CO cost?
Median Sold Price
$794,631
$357/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Lafayette-Louisville was $794,631 in May 2024, up 2.2% from last year, and the median price per square foot was $357.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $315K | -1.6% |
2 Bedrooms | $500K | $463.7K | -7.2% |
3 Bedrooms | $676.7K | $699K | +3.3% |
4 Bedrooms | $833.5K | $877.4K | +5.3% |
5+ Bedrooms | $1.1M | $1.1M | +1.4% |
Summary: Lafayette-Louisville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.6%, 2 bedroom homes decreased by 7.2%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 1.4%.
Median Sold Price Compared To Nearby Cities
Louisville | $841.7K | $882.5K | +4.8% |
Lafayette | $723K | $744.9K | +3.0% |
Superior | $813K | $832.5K | +2.4% |
Lafayette-Louisville | $777.7K | $794.6K | +2.2% |
Broomfield | $612.2K | $625K | +2.1% |
Housing Supply in Lafayette-Louisville, CO
How many homes are available in Lafayette-Louisville, CO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
437 | 506 | +15.8% |
Summary: The Lafayette-Louisville real estate market had 506 homes for sale in May 2024, a 15.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 6 | +20.0% |
2 Bedrooms | 53 | 68 | +28.3% |
3 Bedrooms | 157 | 169 | +7.6% |
4 Bedrooms | 121 | 150 | +24.0% |
5+ Bedrooms | 101 | 113 | +11.9% |
Summary: The Lafayette-Louisville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 28.3%, 3 bedroom homes increased by 7.6%, 4 bedroom homes increased by 24%, and 5+ bedroom homes increased by 11.9%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
107 | 134 | +25.2% |
Asking Price vs. Sold Price
61 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
37 Homes Were Sold
Over Asking
Summary: A total of 134 homes were sold or pending in Lafayette-Louisville in May 2024, up by 25.2% month-over-month. Of the 134 sold homes, 46% were sold under asking, 27% were sold at asking, and 28% were sold over asking.
Days on Market for Lafayette-Louisville, CO
How long does it take to sell a home in Lafayette-Louisville, CO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
31 Days | 39 Days | +28.6% |
Summary: Homes in Lafayette-Louisville had an average of 39 days on market in May 2024, up by 28.6% compared to last year.
Breakdown of Home Sale Times
70 Homes Were Sold
Under 30 Days
51 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 134 homes were sold in Lafayette-Louisville; 52% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.